You’ve probably heard the term and wondered whether it could happen to your company. Maybe it already has. We’re referring to “digital disruption” — when new technologies and business models affect the value proposition of existing goods and … [Read more...]
Catch on to the benefits of a formal onboarding process
Years ago, “onboarding” a new employee meant a quick tour of the workplace, brief introductions to a few co-workers and a stack of forms to fill out. But, today, many employers are catching on to the benefits of a well-planned and fully featured … [Read more...]
Critical connection: How costs impact pricing
As we head toward year end, your company may be reviewing its business strategy for 2017 or devising plans for 2018. As you do so, be sure to give some attention to the prices you’re asking for your existing products and services, as well as those … [Read more...]
The 4 Ways to Grow Your Business – Part 1 of 2
There are just four ways to grow your business. It may sound a bit simplistic; however, there really are only four fundamental ways to successfully grow your business – in other words make it more valuable: 1. Increase the number of customers … [Read more...]
Manage Risk With An Internal Control System – Part 1 of 2
What Is An Internal Control? You may have heard of the term ‘internal control system’ in the context of small - medium enterprise (SME) vulnerability to fraudulent practices by employees. These are typified by the case of the SME owner who gets a … [Read more...]
Key Performance Indicators – Part 2 of 2
This is the second post in a two part series on Key Performance Indicators (KPIs) for small business. Part one dealt with identifying the Critical Success Factors in your business and defining KPIs to monitor performance. This post will discuss … [Read more...]